Theory Of Technical Change And Economic Invariance

Author : Ryuzo Sato
Publisher : Academic Press
ISBN 13 : 148327649X
Total Pages : 458 pages
Book Rating : 4.96/5 ( download)

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Download or read book Theory of Technical Change and Economic Invariance written by Ryuzo Sato and published by Academic Press. This book was released on 2014-05-10 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory of Technical Change and Economic Invariance: Application of Lie Groups presents the economic invariance problems observable behavior under general transformations such as taste change or technical change. This book covers a variety of topics in economic theory, ranging from the analysis of production functions to the general recoverability problem of optimal dynamic behavior. Organized into nine chapters, this book begins with an overview of the theory of observable behavior by analyzing the invariant relationships among economic variables. This text then examines the Lie group theory which provides one of the most efficient methods of studying invariance properties. Other chapters consider the analysis of exogenous technical change, a process partly due to dynamic market forces of supply and demand. This book discusses as well the topics closely related to parametric changes under Lie groups and related transformations. The final chapter deals with mathematical foundations of the theory of observable market behavior. This book is a valuable resource for economists.

Author : R. Sato
Publisher : Springer Science & Business Media
ISBN 13 : 364245545X
Total Pages : 104 pages
Book Rating : 4.52/5 ( download)

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Download or read book Invariance Principles and the Structure of Technology written by R. Sato and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theory of Lie groups has proven to be a most powerful analytical tool in many areas of modern scientific endeavors. It was only a few years ago that economists discovered the usefulness of this approach in their study of the frontiers of modern economic theory. These frontiers include the areas of technical change and productivity, technology and preference, economic conservation laws, comparative statics and integrability conditions, index number problems, and the general theory of ~ observable market behavior (Sato [1980, 1981], Nono [1971], Sato and N~no [1983], Russell [1983]). 1 In Nono [1971] and Sa to [1981, Chapter 4] the concept of "G-neutral" (group neutral) technical change was first introduced as a natural extension of the well-known concepts of Hicks, Harrod, Solow and Sato-Beckmann-Rose neutrality. The present monograph contains a further extension of the G-neutral technical change to the case of non-constant-returns-to-scale technology and to the case of multiple factor inputs. The methodology of total productivity estimation by means of Lie group transformations is also developed in this monograph. We would like to express our sincere thanks to many individuals notably to Professor M. J. Beckmann, Professor F. Mimura, Professor G. Suzawa, T. Mitchell, K. Mino and P. Calem, for their numerous contributions at various stages of this work. We are also grateful to Marion Wathey for her usual superb typing of this difficult manuscript. Providence, R. I. , U. S. A.

Author : Ryuzo Sato
Publisher : Springer Science & Business Media
ISBN 13 : 4431544305
Total Pages : 278 pages
Book Rating : 4.02/5 ( download)

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Download or read book Symmetry and Economic Invariance written by Ryuzo Sato and published by Springer Science & Business Media. This book was released on 2013-12-09 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Symmetry and Economic Invariance (second enhanced edition) explores how the symmetry and invariance of economic models can provide insights into their properties. Although the professional economist of today is adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors aim to show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered. Part I provides an introduction that minimizes prerequisites including prior knowledge of group theory. Part II discusses recent developments in the field.

Author : Ryūzō Satō
Publisher : Springer Verlag
ISBN 13 : 9780387120089
Total Pages : 0 pages
Book Rating : 4.84/5 ( download)

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Download or read book Invariance Principles and the Structure of Technology written by Ryūzō Satō and published by Springer Verlag. This book was released on 1983 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Ryuzo Sato
Publisher : Springer Science & Business Media
ISBN 13 : 0387263764
Total Pages : 233 pages
Book Rating : 4.62/5 ( download)

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Download or read book Biased Technical Change and Economic Conservation Laws written by Ryuzo Sato and published by Springer Science & Business Media. This book was released on 2006-06-01 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity of inputs is an important determinant of the competitiveness of firms in national and international markets. Productivity growth arises from deliberate decisions to innovate but the technological opportunities could be such that different inputs would have different rates of growth. Previous literature has mostly concentrated on labor productivity but empirical studies indicate that productivity of capital is also increasing. One of the objectives of this book is to examine the difference or bias in the productivity growth of the two inputs. In this book, application of this general approach to study of biased technical change is developed and new empirical results presented for both macroeconomies and microeconomic firms.

Author : R Sato
Publisher :
ISBN 13 : 9783642455469
Total Pages : 108 pages
Book Rating : 4.68/5 ( download)

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Download or read book Invariance Principles and the Structure of Technology written by R Sato and published by . This book was released on 1983-03-01 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Takashi Negishi
Publisher : Springer Science & Business Media
ISBN 13 : 1461516773
Total Pages : 542 pages
Book Rating : 4.74/5 ( download)

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Download or read book Economic Theory, Dynamics and Markets written by Takashi Negishi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Theory, Dynamics, and Markets. The collection of essays in honor of Ryuzo Sato, written by his colleagues and students, covers the many fields of economic theory and policy to which he has contributed. The first section pays tribute to his contributions to mathematical economics and economic theory. Ryuzo Sato is known for his work in growth theory and technical progress, and the second section has a number of papers on macroeconomics and dynamics. The third section has a number of papers on financial markets and their functioning in Japan and the United States. The next section examines various aspects of the economics of firms and industry. Ryuzo Sato has been very involved in analyzing the economic and business relations between Japan and the United States, and the last section is devoted to comparative analysis of economic systems.

Author : Arnold Heertje
Publisher : London : Weidenfeld & Nicolson
ISBN 13 :
Total Pages : 362 pages
Book Rating : 4.60/5 ( download)

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Download or read book Economics and Technical Change written by Arnold Heertje and published by London : Weidenfeld & Nicolson. This book was released on 1977 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: On the occasion of the fiftieth anniversary of the Postal Payments System, the former Director General of the Dutch Post Office asked Professor Heertje to write a book on Economics and Technical Development, and this is the English translation of the original Dutch text. This is basically a non-mathematical book on the subject, which deals with the history of economic thought on technical development, the history of technology, production theories and the significance of technical development for economic growth, monopoly power, and economic policy. Informed by the author's knowledge of the original literature, and his proficiency in its five languages, the terminology is exact, the exposition is clear, this text should bridge English-speaking and Continental European thought on this subject.

Author : Ryuzo Sato
Publisher : Springer Science & Business Media
ISBN 13 : 1461555132
Total Pages : 140 pages
Book Rating : 4.31/5 ( download)

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Download or read book Symmetry and Economic Invariance: An Introduction written by Ryuzo Sato and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Symmetry and Economic Invariance: An Introduction explores how symmetry and invariance of economic models can provide insights into their properties. While the professional economist is nowadays adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors aim to show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered.

Author : (Pier) Paolo Saviotti
Publisher : Routledge
ISBN 13 : 1351127691
Total Pages : 286 pages
Book Rating : 4.91/5 ( download)

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Download or read book Evolutionary Theories of Economic and Technological Change written by (Pier) Paolo Saviotti and published by Routledge. This book was released on 2018-03-29 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, evolutionary theories of economic and technological change have attracted a considerable amount of attention which reflects the problems encountered by mainstream analysis of dynamic phenomena and quantitative change. This book, originally published in 1991, develops the debate and draws on the concepts of evolutionary biology, nonequilibrium thermodynamics, systems and organization theory. While recognizing that new technology is not the cause of quantitative change, the editors claim it should play a more central role in economic theory and policy. At the same time, the ground is laid for a more generalized concept of innovation and experimentation and their relation to routine activities. The book is intended for economists.